Jizhou: Bad News Hits &Nbsp; Real Estate Cotton Prices Continue To Drop.
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Price
Continuous decline, spinning enterprises
capital
Tension and deposit rate increase the influence of bad factors, cotton in Jizhou, Hebei
Deal
The price volume continued to decline, and the local cotton seed purchase price also declined.
Before and after the Dragon Boat Festival, the purchase and sale of local cotton market once improved, and cotton sales and trading volume were red.
However, this situation lasted for less than 10 days, and the market situation is now down.
First of all, the price of electronic cotton, such as Zheng cotton futures and electronic matchmaking, is not strong enough to cause local cotton spot sales to stagflate; secondly, according to local and surrounding textile enterprises, the sales of yarn and cloth have indeed changed, but the tension of the capital chain has not been effectively alleviated. Especially after buying cotton with the purchase and replenishment storehouse, the tight financial situation has intensified, forcing some textile enterprises to limit production, stop production or spin polyester, thus inhibiting cotton consumption.
It is reported that a spinning enterprise in Binzhou, Shandong, has also been beset with financial constraints and has to limit production. The 1 30 thousand spinning enterprises in Jinzhou, Hebei, consume nearly 500 tons of cotton per month.
More bad news is coming.
On the morning of 14 July, the main indicators of the national economy were released in May, of which the consumption index (CPI) rose by 5.5% over the previous year, reaching a new high of 34 months. The producer price index (PPI) of industrial products increased by 6.8% over the same period. In the afternoon, the people's Bank of China announced that the deposit reserve ratio of the depository financial institutions increased by 0.5 percentage points from 20 days, of which the large financial institutions' deposit rate was adjusted to 21.5%, and the small and medium-sized financial institutions were adjusted to 18%.
This is the sixth consecutive increase in the central bank's deposit rate in 2011, with an average frequency of 1 times on average in 1 months.
According to the 1 local cotton merchants' customers in Zhejiang, if the deposit rate is raised to more than 21%, the financing of enterprises in Jiangsu and Zhejiang provinces will become more difficult. 7~8 of the small and medium-sized enterprises will be closed down between 7~8 months.
The sale price of local cotton continued to decline, the 3 grade real estate cotton sale price quoted 24800 yuan / ton (delivery price, gross weight settlement, with the same ticket), the weak level 3 yuan 24500 yuan / ton, the hard 4 grade 23700 yuan / ton, five level 22700 yuan / ton, all of which decreased by 200 yuan / ton compared with the 13 day, and decreased by 13 yuan / ton compared with that of the 200 day; the Xinjiang cotton price of the Xinjiang cotton price was RMB yuan / ton, and the level of yuan yuan / ton was lower than that of the first day. Under this premise, 15
Whether real estate cotton or Xinjiang cotton, turnover fell by more than 30% compared with the previous weekend.
On the 15 day, the purchase price of local cotton seed declined, of which 3 yuan was 4.95 yuan / Jin, 4 seed cotton 4.75 yuan / Jin, 4.60 yuan / Jin, 5 yuan 4.50 yuan / Jin, which dropped by 0.20-0.25 yuan / Jin compared with that of 13 days.
15, the sales price of local cottonseed was 1.48 yuan / Jin, down 0.02 yuan / Jin compared with 14 days.
According to the average linen percentage of 37%, 36%, 35%, and attrition rate 2%, the cost is 600 yuan / ton, the cost of the 3 grade, 4 grade and 5 grade real estate cotton produced by the acquisition is 22480, 21900, 21300 yuan / ton respectively.
In addition, the local cotton mill has 1 Characteristics of selling lint, that is, it no longer sells the lint bought and processed before March.
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